Berita Arkib

Malaysian palm oil futures closed at a more than one-week high on Thursday due to concerns over tight edible oil supply worldwide, though weak August exports and a firmer ringgit capped gains.

JAKARTA (Aug 26): Indonesia's plans to raise the mandatory bio-content in its palm oil-based biodiesel to 40% may face further delays, after the high price of the vegetable oil has made the programme too costly, a senior government official told Reuters.

KUALA LUMPUR (Aug 26): Sarawak Oil Palms Bhd (SOPB) reported a 156.43% surge in its second quarter net profit to RM98.32 million, from RM38.34 million a year earlier, thanks to higher palm products prices.

KUALA LUMPUR, Aug 26 — The Producer Price Index (PPI), which measures the cost of goods at the factory gate that are produced locally, has continued to remain high in Malaysia for July with a 11.7 per cent year-on-year growth, largely due to the higher prices of commodities such as crude and palm oil, official statistics today showed.

SINGAPORE: Palm oil may test a resistance at 4,405 ringgit per tonne, a break above which could lead to a gain into a range of 4,464-4,560 ringgit.

PETALING JAYA: Malaysia’s Producer Price Index (PPI) for local production increased 11.7% year-on-year (y-o-y) in July 2021, mainly supported by prices of primary commodities, namely, crude oil (64.4%), fresh fruit bunches (FFB) (57.3%) and crude palm oil (42.7%).

THE Covid-19 pandemic poses a global threat, disrupting lives and affecting economic growth.

KUALA LUMPUR (Aug 25): Exports of Malaysian palm oil products for Aug 1-25 fell 12.27% to 988,809 tonnes, from 1,127,146 tonnes shipped during July 1-25, according to independent inspection company AmSpec Agri Malaysia on Wednesday.

KUALA LUMPUR (Aug 25): TH Plantations Bhd’s net profit for the second quarter ended June 30, 2021 (2QFY21) surged 255.6% to RM26.57 million from RM8.16 million a year ago, as it recorded stronger revenue, amid higher average realised prices of crude palm oil (CPO), palm kernel (PK) and fresh fruit bunch (FFB), despite lower sales volume for both CPO and PK.

KUALA LUMPUR: Malaysian palm oil futures extended early gains on Wednesday, as the market shrugged off a plunge in August exports and focused on the outlook for tight supply in global edible oils due to hot weather in soybean producers South America and the US

SINGAPORE: Palm oil may test a resistance at 4,358 ringgit per tonne, a break above could lead to a gain into a range of 4,405 ringgit to 4,464 ringgit.

The Oil Palm Development Association of Ghana (OPDAG), representing the entire palm oil value chain actors in Ghana, has appealed to the government to exempt palm oil from the implementation of the 50 per cent benchmark value Policy.